Triumph Motorcycles Ltd

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Triumph Motorcycles Ltd
Private
Industry Motorcycle
Predecessor Triumph Engineering
Founded 1983
Headquarters Hinckley, Leicestershire, UK
Key people
John Bloor (owner)
Nick Bloor (CEO)
The Lord Jones of Birmingham (chairman)
Paul Stroud (CCO)
Products Motorcycles
Clothing
Accessories
Revenue Increase498.5 million (2017)[1]
Increase₤24.7 million (2017)[1]
Number of employees
2,000 (2017)[1]
Website www.triumphmotorcycles.co.uk

Triumph Motorcycles Ltd is the largest British motorcycle manufacturer, established in 1983[1] by John Bloor after the original company Triumph Engineering went into receivership. The new company (initially Bonneville Coventry Ltd) continued Triumph's record of motorcycle production since 1902. During the 12 months preceding June 2017, Triumph sold 63,400 motorcycles[1].

The Triumph Motorcycle Factory at Hinckley

History[edit]

Triumph 1200 cc Trophy from the original 1991 model range

When Triumph Engineering went into receivership in 1983, John Bloor bought the name and manufacturing rights from the Official Receiver. The new company's manufacturing plant and designs were outdated and unable to compete against the Japanese, so Bloor decided against relaunching Triumph immediately. Initially, production of the old Bonneville was continued under licence by Les Harris of Racing Spares, in Newton Abbot, Devon, to bridge the gap between the end of the old company and the start of the new company. For five years from 1983, about 14 a week were built at peak production. In the United States, owing to problems with liability insurance, the Harris Bonnevilles were never imported.[2]

Example of modded Triumph Scrambler (2014)
Example of modded Triumph Scrambler
Triumph 900 cc Adventurer, first variation of the popular Triumph Thunderbird 900 triple

Bloor set to work assembling the new Triumph, hiring several of the group's former designers to begin work on new models. The team visited Japan on a tour of its competitors' facilities[3] and became determined to adopt Japanese manufacturing techniques and especially new-generation computer-controlled machinery. In 1985, Triumph purchased a first set of equipment to begin working, in secret, on its new prototype models. By 1987, the company had completed its first engine. In 1988, Bloor funded the building of a new factory at a 10-acre (40,000 m2) site in Hinckley, Leicestershire.[4] The first Hinckley Triumph's were produced for the 1991 model year[5]. Bloor put between £70 million and £100 million into the company between purchasing the brand and breaking even in 2000.

At the same time as production capacity increased, Bloor established a new network of export distributors. He had previously created two subsidiary companies, Triumph Deutschland GmbH and Triumph France SA. In 1994, Bloor created Triumph Motorcycles America Ltd.[4]

At 21:00 on 15 March 2002, as the company was preparing to celebrate its 100th anniversary as a motorcycle maker, its main factory was destroyed by a fire which began at the rear of the facility. At the height of the blaze, over 100 firefighters were tackling the fire, which destroyed most of the manufacturing capacity.[6] Nevertheless, the company, which by then employed more than 650, quickly rebuilt the facility and returned to production by September that year.

In May 2002, Triumph began construction on a new sub-assembly manufacturing facility in Chonburi, Thailand to make various components.[7] A second factory was opened in 2006 by Prince Andrew, Duke of York where a wet painting facility and assembly line have been established.[7][8] A third factory was opened in 2007 to include high pressure die-casting and machining, and Triumph announced that they were expanding to increase capacity to over 130,000 motorcycles.[9] Triumph Motorcycles (Thailand) Limited is a 100% UK owned company and now employs about 1000 staff.[7]

In June 2009 Digby Jones, Baron Jones of Birmingham, the former Minister of State for Trade, became chairman and the 1,600 cc (98 cu in) Thunderbird twin-cylinder cruiser was announced.[10]

In early 2011 Nick Bloor, John Bloor's son, took over from Tue Mantoni as CEO of Triumph Motorcycles[11] and in 2017 Triumph opened a new £4 million visitor centre[12].

Financial performance[edit]

In 2017, Triumph's revenue increased by 22 per cent to £498.5 million and this increased pre-tax profits to £24.7 million from £16.6 million the previous year[1].

Over 85 per cent of motorcycles are now sold in overseas markets, but the 9,400 motorcycles sold in the UK in 2017 represents a record for the company[1].

Bloor invested over £80 million[13] in Triumph Motorcycles before it first broke even in 2000.

During the 2008 recession, Bloor Holdings – which controls Triumph - breached its banking covenants but was able to re-negotiate its loans with lenders[14].

Model range[edit]

Mid-1990s Triumph Trophy tourer with the 900 cc triple engine. The small Union flag was then a standard feature on all Triumphs except the Thunderbird.
TT600

A range of new 750 cc and 900 cc triple-cylinder bikes and 1000 cc and 1200 cc four-cylinder bikes were launched at the September 1990 Cologne Motorcycle Show. The motorcycles used famous model names from the glory days of Meriden Triumph and were first made available to the public between March (Trophy 1200 being the first) and September 1991. All used a modular liquid-cooled DOHC engine design in a common large diameter steel backbone frame. The modular design was to ensure that a variety of models could be offered whilst keeping production costs under control—an idea originally put forward, in air-cooled form, in the early 1970s by Bert Hopwood but not implemented by the then BSA-Triumph company.

The first models, known generically as the T300s, all used a common piston diameter (76 mm) in a common wet cylinder liner. Basic engine variations were achieved through the use of two specifications of piston stroke: 65 mm to create individual cylinder capacity of 300 cc, and 55mm to create a 250 cc individual cylinder. Two 750 cc models were released – and the Daytona and Trident 750 triples (3 x 250 cc). There was one 1000 cc model – the Daytona 1000 four (4 x 250 cc). Two 900 cc models were the Trophy 900 and Trident 900 triples (3 x 300 cc). The Trophy 1200 four was the largest model (4 x 300 cc). All were remarkably smooth running. The three cylinder models were equipped with a contra-rotating balance shaft mounted at the front of the engine. The four cylinder models benefitted from twin balance shafts – unique at the time – mounted beneath the crank shaft. Contemporary road tests noted the solidity and smoothness of performance as positives but the weight of the machines as negatives. For brand new machines produced by a totally new concern, there were remarkably few early problems. These were an insecure oil pressure switch and a longer-lived problem with the starter (or sprag clutch). The cosmetic finish on the first machines was simple and not very robust. Revisions to crankcases for the three-cylinder models in 1993, together with a move to high pressure casting, reduced engine weight considerably. All painting and plating operations were brought in house in 1993, as the Hinckley factory benefitted from further investment after the initial success of the range. The result was improved quality and durability of finish, added to the basic engineering integrity of the engine and chassis, made for a long-lasting and robust motorcycle.

The range was largely revised in 1997 with the release of the T500 range, followed by a light-weight four-cylinder 600 cc sports TT600. The 600 was a major design departure and initially received a poor press: "unpleasant at low revs due to a lethargic and unpredictable throttle response, with anonymous styling".[15] As sales built, the big fours were phased out of the lineup and parallel twins and triples became the marketing and development focus of Triumph's marketing strategy. Triumph also decided to exploit demand for retro motorcycles with modern engineering. The Triumph Thunderbird 900 exploited the styling cues of the 'old' Triumphs legendary designer, Edward Turner whilst retaining the modern triple engine. The 790 and 865 cc versions of the Triumph Bonneville and Thruxton look and sound original but internally they have modern valves and counterbalance shafts.

2014 Triumph Street Triple R.
The Triumph Rocket III - the largest-engine production motorcycle in the world.

For their contemporary range, the triple is Hinckley Triumph's trademark, filling a niche between European and American twins and four-cylinder Japanese machinery. The 2,294 cc (140.0 cu in) triple Rocket III cruiser was introduced in 2004. The first 300 Rocket III models were already sold before they were produced, and there was a long waiting list for Rockets into 2005.[16]

On 21 July 2008, Triumph held a Global Dealer Conference where new models for 2009 were launched, including the official announcement of the parallel twin-cylinder Thunderbird.[17]

Triumph's best selling bike is the 675 cc Street Triple. In 2010 they launched the Triumph Tiger 800 and Tiger 800 XC, dual-sport motorcycles, which uses an 800 cc engine derived from the Street Triple, and is designed to compete directly with the market leading BMW F800GS.[18] In 2012, the Tiger 800 was joined by the shaft-driven Triumph Tiger Explorer.

The 2015–2017 model range comprises:[19]

  • Adventure and touring
    • Trophy SE ABS
    • Tiger 800
    • Trophy
  • Cruisers
    • America & Speedmaster
    • Rocket III
    • Thunderbird
  • Modern Classics
    • Bonneville
    • Bonneville T120
    • Street Twin
    • Street Scrambler
    • Thruxton
    • Scrambler
  • Roadsters and supersports
    • Daytona 675
    • Speed Triple
    • Street Triple

Triple Connection and celebrity marketing[edit]

2012 Triumph Bonneville T100 Special Edition Steve McQueen motorcycle sought to replicate style of McQueen's 650 cc Triumph TR6 Trophy used in the film The Great Escape.

In 1995, the Triple Connection clothing range and the accessories range of products were launched.[4] Triumph made a commercial decision to design all their own motorcycle clothing rather than license other producers.[20] In the 21st century, Triumph marketed lines of clothing highlighting their association with celebrities strongly associated with the old Triumph marque such as Marlon Brando,[21] Bob Dylan, James Dean,[22] Elvis Presley[23] and particularly, Steve McQueen, for whom the company named a special edition of their Bonneville motorcycle.[24]

See also[edit]

Sources[edit]

  1. ^ a b c d e f g Lea, Robert (18 December 2017). "Overseas sales help Triumph Motorcycles pick up speed". The Times. Retrieved 27 December 2017. 
  2. ^ "New Triumph Co. Ltd. History". Archived from the original on 15 September 2008. Retrieved 21 September 2008. 
  3. ^ "The great escape". 
  4. ^ a b c "Rebuilding the Marque". Retrieved 21 September 2008. 
  5. ^ "Tue Mantoni: Triumph's triumph: the rebirth of a British icon". 
  6. ^ "Fire sweeps through motorcycle plant". BBC News. 16 March 2002. Retrieved 21 September 2008. 
  7. ^ a b c "Triumph Motorcycles (Thailand) Limited : British Chamber of Commerce Thailand". members.bccthai.com. 
  8. ^ "Triumph opens second plant in Thailand". Retrieved 21 September 2008. 
  9. ^ "Triumph Motorcycles". Retrieved 21 September 2008. 
  10. ^ The Daily Telegraph, 4 June 2009
  11. ^ "Tue Mantoni quits Triumph". 
  12. ^ "Triumph to open new factory visitor centre next month, with mystery new model reveal". 
  13. ^ Post, Birmingham (23 January 2014). "Birmingham Post Rich List 2014: No.7 - John Bloor (£520m)". 
  14. ^ Ruddick, Graham (2 December 2011). "Triumph Motorcycles: A history" – via www.telegraph.co.uk. 
  15. ^ "Triumph's secret weapon". The Daily Telegraph. London. Retrieved 21 September 2008. 
  16. ^ Garrett, Jerry. "Triumph's Rocket III more than lives up to its ballistic name". Retrieved 21 September 2008. 
  17. ^ "Triumph News". Archived from the original on 3 October 2008. Retrieved 21 September 2008. 
  18. ^ "Triumph Tiger 800 launch: Simon Warburton". Visordown. 7 November 2010. Retrieved 23 November 2010. 
  19. ^ "Classics". Triumph. 
  20. ^ "Triple connection" (PDF). Archived from the original (PDF) on 25 February 2009. Retrieved 21 September 2008. 
  21. ^ "Marlon Brando Lands Motorcycle Marketing Deal from Bikes in the Fast Lane". Daily Motorcycle News. 13 November 2009. Archived from the original on 19 April 2015. Retrieved 30 January 2015. 
  22. ^ "James Dean". CMG Worldwide. 2014. Retrieved 30 January 2015. 
  23. ^ "New Triumph gear, accessories include Elvis jacket, Kriega bags". Dealer News. 15 March 2013. Retrieved 30 January 2015. 
  24. ^ West, Phil (24 October 2011). "New Triumph 'Steve McQueen edition' debuts". Motor Cycle News. Retrieved 30 January 2015. 

External links[edit]